Funding arb · Price arb /

AMZN

RWAall AMZN markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0080%/8h= +8.8% APRpaid last 24h −0.013%

Price spread now: ApeX Omni against Binance−0.065%49s7-day average −0.041% · you buy dearer than you sell

Net, funding: paid 7d − costs−$49as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$550.547% of the position

Long on Binance Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.058%+$6 on $10k

Price spread, last 4 days (all we have)+0.313%+$31 · spread now −0.065%, 7d avg −0.041%

Together, before fees+0.371%+$37 on $10k · with fees, hour by hour

Funding pays, the price is against you. ApeX Omni is 0.024% cheaper against Binance than usual: you would sell low and buy high (spread −0.065% now, against its 7-day average of −0.041%). If the spread goes back, that is −$2 on $10k: about 24 hours of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.058% in total) that is about 2.9 days. The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance AMZNUSDT	259.98	0.0020	pay 0.0020% / 8h	16m 39s	$16.0M	$29.4M	20x
Short	ApeX Omni AMZNUSDT	259.81	0.0100	get 0.0013% / 1h	16m 39s	$93K	$130K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Binance. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BinancebpFee ApeX OmnibpOrdersPrice spread, now −0.065%Rate

Funding earned: $16.8
Price spread: −0.065% → −0.041%: −$2.39
Slippage, 4 orders: −$34.66
Fee Binance: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$40.26
Costs to cover: 0.547%
Break-even: 23.8 days

Slippage from Binance: live order book, 10 min ago; ApeX Omni: live order book, 19 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Binance live order book, 10 min ago	0.19 bp	5.9 bp −$6	10.8 bp −$108	41.6 bp −$4,157	doesn't fit
Sell ApeX Omni live order book, 19 min ago	2.50 bp	28.4 bp −$28	615.3 bp −$6,153	doesn't fit	doesn't fit

AMZN on 30 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit AMZN_USDC-PERPETUAL	−0.0173%	1h	259.71	−0.104%	$29K	$172K	10x	as long as short
Aster AMZNUSDT	0.0000%	8h	259.93	−0.020%	$202K	$207K	20x	as long as short
OKX AMZN-USDT-SWAP	0.0000%	8h	259.97	−0.004%	$2.8M	$4.8M	20x	as long as short
Gate AMZN_USDT	0.0000%	8h	259.77	−0.081%	$765K	$2.6M	100x	as long as short
Bitget AMZNUSDT	0.0000%	8h	260.03	+0.019%	$4.9M	$4.0M	100x	as long as short
Variational Omni AMZN	0.0000%	8h	259.98	−0.002%	$1.8M	$1.1M	—	as long as short
GRVT AMZN_USDT_Perp	0.0000%	8h	259.97	−0.003%	$10K	$1.8M	10x	as long as short
edgeX AMZNUSDC	+0.0002%	4h	259.94	−0.016%	$28K	$249K	10x	as long as short
Binance AMZNUSDTlong	+0.0020%	8h	259.98	long leg	$16.0M	$29.4M	20x
Extended AMZN_24_5-USD	+0.0024%	1h	259.92	−0.024%	$498K	$3.0M	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH AMZN	+0.0032%	1h	259.97	−0.004%	$739K	$1.6M	10x	as long as short
Arcus AMZN-USD	+0.0040%	1h	259.85	−0.050%	$197K	$233K	10x	as long as short
Vest AMZN-USD-PERP	+0.0046%	1h	259.89	−0.035%	—	$104K	25x	as long as short
tradeXYZ xyz:AMZN	+0.0050%	1h	259.87	−0.042%	$30.0M	$11.2M	20x	as long as short
Polymarket Perps AMZN-USD	+0.0050%	1h	259.81	−0.065%	$321K	$287K	10x	as long as short
SoDEX AMZN-USD	+0.0050%	1h	259.91	−0.027%	$687	$5K	10x	as long as short
Ondo Perps AMZN-USD.P	+0.0050%	1h	259.76	−0.085%	$1.3M	$1.1M	10x	as long as short
QFEX AMZN-USD	+0.0050%	1h	259.91	−0.027%	$1.4M	$3.6M	10x	as long as short
Coinbase International AMZN-PERP-INTX	+0.0064%	1h	259.88	−0.038%	$916K	$2.3M	10x	as long as short
Hotstuff AMZN-PERP	+0.0080%	1h	259.85	−0.050%	$33K	—	20x	as long as short
BloFin AMZN-USDT	+0.0083%	8h	260.00	+0.008%	$178K	$301K	20x	as long as short
KuCoin AMZNUSDTM	+0.0100%	8h	259.73	−0.096%	$1.5M	$395K	20x	as long as short
ApeX Omni AMZNUSDTshort	+0.0100%	1h	259.81	−0.065%	$93K	$130K	50x
Orderly PERP_AMZN_USDC_mythos	+0.0100%	8h	259.96	−0.008%	$1K	$331	10x	as long as short
Aevo AMZN-PERP	+0.0104%	1h	259.89	−0.036%	$14K	$510	10x	as long as short
Nado AMZN-PERP	+0.0117%	1h	259.86	−0.045%	$414K	$114K	20x	as long as short
Lighter AMZN	+0.0152%	1h	259.95	−0.011%	$749K	$1.3M	20x	as long as short
Bybit AMZNUSDT	+0.0182%	8h	260.08	+0.039%	$4.0M	$3.3M	100x	as long as short
Injective AMZN/USDC PERP	+0.0220%	1h	259.68	−0.115%	$75K	$27K	30x	as long as short
Phoenix AMZN	+0.0277%	1h	259.99	+0.004%	$5K	$78K	20x	as long as short